Compare Today’s Refinance Rates for Pontiac, Michigan 48342
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Pontiac, Michigan 48342.
With a 30-year amortization refinance in Pontiac and surrounding areas of Oakland county, our calculations show that you can expect to save up to $2,611 over the lifetime of your mortgage, or a monthly savings of $7. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Pontiac, Michigan 48342.
Summary of Average Refinances in Pontiac, Michigan 48342
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Interactive Refinance Rate Projections for Pontiac, Michigan 48342
Pureloan has developed an interactive chart to monitor the five largest local lenders in Pontiac, MI 48342, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.
Historical Refinance Rates in Pontiac, Michigan 48342 from 2024 - 2016
The following historical data provides insights into refinancing trends in Pontiac, Michigan and the surrounding Oakland county, based on factors such as loan type, credit score, LTV, and other parameters. This data is derived from actual closed home refinancings.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed refinance | 82.61% | 58.01% | 56.80% | 55.14% | 62.60% | 54.95% | 52.28% | 52.83% | 54.68% |
avg refi rate | 6.46% | 3.61% | 3.01% | 3.29% | 4.17% | 4.58% | 4.14% | 3.96% | 4.14% |
% 15 year fixed refinance | 13.04% | 26.19% | 26.83% | 26.58% | 21.76% | 32.42% | 34.70% | 33.88% | 31.87% |
avg refi rate | 5.78% | 2.81% | 2.47% | 2.80% | 3.64% | 3.91% | 3.39% | 3.20% | 3.38% |
Avg credit score | 735.75 | 740.32 | 752.34 | 757.61 | 746.87 | 740.69 | 746.29 | 751.67 | 754.48 |
Avg LTV (loan to value) | 62.64% | 61.38% | 65.49% | 69.51% | 73.18% | 67.93% | 70.23% | 71.59% | 72.41% |
Avg DTI (debt to income) | 37.35 | 33.47 | 32.28 | 31.96 | 33.16 | 34.03 | 33.28 | 32.28 | 31.69 |
Avg refinance insurance % | 2.29% | 1.30% | 2.21% | 3.64% | 5.58% | 3.00% | 3.69% | 4.13% | 4.54% |
Best Refinance Brokers around Pontiac, Michigan 48342
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Pontiac, Michigan 48342, we have compiled a list of top refinance brokers to assist you in the process.
AMY KOENIG
Loan Officer
6480 Citation Dr Ste C
Clarkston, MI 48342
(248) 623-2280
akoenig@huronvalleyfinancial.com
Jason Miller
Mortgage Banker
5541 Sashabaw Rd.
Clarkston, MI 48342
(248) 669-2127
jason.m.miller@chase.com
Brandon Wrobel
Loan Officer
5720 Sashabaw Rd
Village of Clarkston, MI 48342
(24) 824-9335
brandon.wrobel@flagstar.com
Clifford Confer
Loan Officer
5720 Sashabaw Rd
Village of Clarkston, MI 48342
(24) 824-9333
clifford.confer@flagstar.com
Nick Swanson
Loan Officer
5720 Sashabaw Rd
Village of Clarkston, MI 48342
(24) 824-9338
nick.swanson@flagstar.com
Address
6480 Citation Dr Ste C
Clarkston, MI
Contact
(248) 623-2280
Fax (301) 639-0804
akoenig@huronvalleyfinancial.com
Address
5541 Sashabaw Rd.
Clarkston, MI
Contact
(248) 669-2127
Fax (301) 639-0804
jason.m.miller@chase.com
Address
5720 Sashabaw Rd
Village of Clarkston, MI
Contact
(24) 824-9335
Fax (301) 639-0804
brandon.wrobel@flagstar.com